Bitcoin’s Correlation with Gold Hits Six-Year High Amid Macro Uncertainty

TLDR: Bitcoin-gold correlation hits its highest level since 2020, per Bitwise Asset Management data.  Bitcoin surged 22.4% weekly after Treasury Secretary Bessent’s bond market intervention in August.  Bitcoin’s correlation with the Nasdaq-100 dropped to a one-year low, weakening its risk-asset label.  Gold’s $30 trillion market could reprice bitcoin if the correlation trend with debasement hedging [...]

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